XML 108 R94.htm IDEA: XBRL DOCUMENT v3.22.2.2
Allowance for credit losses - Allowance Movement (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Financing Receivable, Allowance for Credit Losses        
Beginning balance $ 681,750 $ 785,790 $ 695,366 $ 896,250
Provision for credit losses (benefit) 39,519 (58,645) 34,975 (151,924)
Initial allowance for credit losses - PCD Loans 59 253 841 2,811
Charge-offs (39,552) (31,567) (93,061) (109,347)
Recoveries 21,320 22,744 64,975 80,785
Ending balance 703,096 718,575 703,096 718,575
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 6,904 9,936 7,897 15,851
Provision for credit losses (benefit) 403 (1,536) (590) (7,451)
Balance at end of period 7,307 8,400 7,307 8,400
Construction        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 6,913 11,256 6,363 14,237
Provision for credit losses (benefit) (714) (3,629) (2,107) (1,079)
Initial allowance for credit losses - PCD Loans 0 0 0 0
Charge-offs 0 (1) 0 (7,143)
Recoveries 0 2,224 1,943 3,835
Ending balance 6,199 9,850 6,199 9,850
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 3,495 5,077 4,725 9,079
Provision for credit losses (benefit) (301) (203) (1,531) (4,205)
Balance at end of period 3,194 4,874 3,194 4,874
Mortgages        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 148,305 182,619 154,478 215,716
Provision for credit losses (benefit) (12,018) (14,653) (26,373) (41,573)
Initial allowance for credit losses - PCD Loans 59 253 841 2,811
Charge-offs (1,720) (1,159) (4,476) (16,588)
Recoveries 3,908 3,318 14,064 10,012
Ending balance 138,534 170,378 138,534 170,378
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 0 0 0 0
Provision for credit losses (benefit) 0 0 0 0
Balance at end of period 0 0 0 0
Commercial        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 209,630 271,144 215,805 333,380
Provision for credit losses (benefit) 18,566 (32,436) 4,259 (106,380)
Initial allowance for credit losses - PCD Loans 0 0 0 0
Charge-offs (5,538) (9,505) (7,911) (15,496)
Recoveries 7,199 5,611 17,704 23,310
Ending balance 229,857 234,814 229,857 234,814
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 3,349 4,811 3,135 6,666
Provision for credit losses (benefit) 667 (1,320) 881 (3,175)
Balance at end of period 4,016 3,491 4,016 3,491
Leasing        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 19,037 17,551 17,578 16,863
Provision for credit losses (benefit) 2,115 (5,613) 3,807 (4,414)
Initial allowance for credit losses - PCD Loans 0 0 0 0
Charge-offs (2,191) (1,054) (4,094) (3,247)
Recoveries 853 750 2,523 2,432
Ending balance 19,814 11,634 19,814 11,634
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 0 0 0 0
Provision for credit losses (benefit) 0 0 0 0
Balance at end of period 0 0 0 0
Consumer        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 297,865 303,220 301,142 316,054
Provision for credit losses (benefit) 31,570 (2,314) 55,389 1,522
Initial allowance for credit losses - PCD Loans 0 0 0 0
Charge-offs (30,103) (19,848) (76,580) (66,873)
Recoveries 9,360 10,841 28,741 41,196
Ending balance 308,692 291,899 308,692 291,899
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 60 48 37 106
Provision for credit losses (benefit) 37 (13) 60 (71)
Balance at end of period 97 35 97 35
Puerto Rico        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 580,577 661,853 594,162 739,750
Provision for credit losses (benefit) 28,694 (35,992) 25,161 (98,456)
Initial allowance for credit losses - PCD Loans 59 253 841 2,811
Charge-offs (37,209) (29,904) (87,493) (100,457)
Recoveries 18,813 20,568 58,263 73,130
Ending balance 590,934 616,778 590,934 616,778
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 3,566 4,657 4,139 9,523
Provision for credit losses (benefit) 1,217 (252) 644 (5,118)
Balance at end of period 4,783 4,405 4,783 4,405
Puerto Rico | Construction        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 3,074 1,220 1,641 4,871
Provision for credit losses (benefit) 1,181 (1,532) 1,803 255
Initial allowance for credit losses - PCD Loans 0 0 0 0
Charge-offs 0 (1) 0 (6,620)
Recoveries 0 2,224 811 3,405
Ending balance 4,255 1,911 4,255 1,911
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 1,534 1,405 2,388 4,610
Provision for credit losses (benefit) 349 663 (505) (2,542)
Balance at end of period 1,883 2,068 1,883 2,068
Puerto Rico | Mortgages        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 130,030 166,808 138,286 195,557
Provision for credit losses (benefit) (11,648) (14,110) (28,129) (36,179)
Initial allowance for credit losses - PCD Loans 59 253 841 2,811
Charge-offs (1,720) (1,157) (4,408) (16,585)
Recoveries 3,885 3,268 14,016 9,458
Ending balance 120,606 155,062 120,606 155,062
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 0 0 0 0
Provision for credit losses (benefit) 0 0 0 0
Balance at end of period 0 0 0 0
Puerto Rico | Commercial        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 153,547 186,784 151,928 225,323
Provision for credit losses (benefit) 7,078 (13,923) 1,055 (63,773)
Initial allowance for credit losses - PCD Loans 0 0 0 0
Charge-offs (4,818) (9,481) (6,667) (14,399)
Recoveries 5,968 5,124 15,459 21,353
Ending balance 161,775 168,504 161,775 168,504
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 2,032 3,252 1,751 4,913
Provision for credit losses (benefit) 868 (915) 1,149 (2,576)
Balance at end of period 2,900 2,337 2,900 2,337
Puerto Rico | Leasing        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 19,037 17,551 17,578 16,863
Provision for credit losses (benefit) 2,115 (5,613) 3,807 (4,414)
Initial allowance for credit losses - PCD Loans 0 0 0 0
Charge-offs (2,191) (1,054) (4,094) (3,247)
Recoveries 853 750 2,523 2,432
Ending balance 19,814 11,634 19,814 11,634
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 0 0 0 0
Provision for credit losses (benefit) 0 0 0 0
Balance at end of period 0 0 0 0
Puerto Rico | Consumer        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 274,889 289,490 284,729 297,136
Provision for credit losses (benefit) 29,968 (814) 46,625 5,655
Initial allowance for credit losses - PCD Loans 0 0 0 0
Charge-offs (28,480) (18,211) (72,324) (59,606)
Recoveries 8,107 9,202 25,454 36,482
Ending balance 284,484 279,667 284,484 279,667
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 0 0 0 0
Provision for credit losses (benefit) 0 0 0 0
Balance at end of period 0 0 0 0
Popular U.S.        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 101,173 123,937 101,204 156,500
Provision for credit losses (benefit) 10,825 (22,653) 9,814 (53,468)
Charge-offs (2,343) (1,663) (5,568) (8,890)
Recoveries 2,507 2,176 6,712 7,655
Ending balance 112,162 101,797 112,162 101,797
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 3,338 5,279 3,758 6,328
Provision for credit losses (benefit) (814) (1,284) (1,234) (2,333)
Balance at end of period 2,524 3,995 2,524 3,995
Popular U.S. | Construction        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 3,839 10,036 4,722 9,366
Provision for credit losses (benefit) (1,895) (2,097) (3,910) (1,334)
Charge-offs 0 0 0 (523)
Recoveries 0 0 1,132 430
Ending balance 1,944 7,939 1,944 7,939
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 1,961 3,672 2,337 4,469
Provision for credit losses (benefit) (650) (866) (1,026) (1,663)
Balance at end of period 1,311 2,806 1,311 2,806
Popular U.S. | Mortgages        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 18,275 15,811 16,192 20,159
Provision for credit losses (benefit) (370) (543) 1,756 (5,394)
Charge-offs 0 (2) (68) (3)
Recoveries 23 50 48 554
Ending balance 17,928 15,316 17,928 15,316
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 0 0 0 0
Provision for credit losses (benefit) 0 0 0 0
Balance at end of period 0 0 0 0
Popular U.S. | Commercial        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 56,083 84,360 63,877 108,057
Provision for credit losses (benefit) 11,488 (18,513) 3,204 (42,607)
Charge-offs (720) (24) (1,244) (1,097)
Recoveries 1,231 487 2,245 1,957
Ending balance 68,082 66,310 68,082 66,310
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 1,317 1,559 1,384 1,753
Provision for credit losses (benefit) (201) (405) (268) (599)
Balance at end of period 1,116 1,154 1,116 1,154
Popular U.S. | Consumer        
Financing Receivable, Allowance for Credit Losses        
Beginning balance 22,976 13,730 16,413 18,918
Provision for credit losses (benefit) 1,602 (1,500) 8,764 (4,133)
Charge-offs (1,623) (1,637) (4,256) (7,267)
Recoveries 1,253 1,639 3,287 4,714
Ending balance 24,208 12,232 24,208 12,232
Allowance for credit losses - unfunded commitments:        
Balance at beginning of period 60 48 37 106
Provision for credit losses (benefit) 37 (13) 60 (71)
Balance at end of period $ 97 $ 35 $ 97 $ 35